Republic Acts1 min read
Section 22Sec./Art. 22
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Reports and Monitoring. -The Commission, the regulatory authorities, and the BIR shall prescribe the submission of reports from teh FISTC and the FIs for the proper implementation of this Act. To guide in their marker monitoring activities, a database of the sales and transfers consummated in accordance with Section 12 shall be submitted by FISTCs and FIs to the Commission, BIR, Philippine Competition Commission, and other relevant agencies, on a monthly basis:Provided,That the beneficiaries of the tax exemptions and fee privileges under this Act shall submit the data necessary for the DOF and the National Economic and Development Authority (NEDA) to review and analyze the impact of the incentives availment.
ARTICLE VII
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